Shipping: Tariffs Volition Wound U.S. To A Greater Extent Than Than Residue Of World, Maersk Says

From Hellenic Shipping News;

The US economic scheme volition live on hitting many times harder than the residual of the Blue Planet yesteryear an escalating global merchandise war, according to the main executive officeholder of A.P. Moller-Maersk A/S.

Soren Skou, who runs the world’s biggest transportation fellowship from Copenhagen, said the fallout of the electrical flow protectionist moving ridge “could easily goal upwards existence bigger inwards the U.S.” Tariffs could dull global annual merchandise increment yesteryear 0.1 to 0.3 percent, though for the US the final result could live on “perhaps iii or iv percent,” he said at Maersk’s headquarters on Friday. “And that would definitely non live on good.”

The fellowship transports almost xx pct of the world’s seaborne consumer goods, putting it inwards a unique compass to approximate the fallout of tariffs on merchandise flows. Maersk has inwards the yesteryear broken alongside its civilization of steering clear of whatever political combat to criticize the merchandise policies of US President Donald Trump.

Maersk focuses on merchandise flows betwixt Europe in addition to Asia in addition to and hence far its manufacture hasn’t been straight wound yesteryear tariffs. In fact, postulate grew iv pct inwards the instant quarter. But Skou says that may modify if the US starts targeting consumer goods.

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“The commencement affair the American importers would attain if tariffs are compass on Chinese consumer goods would live on to purchase inwards Vietnam, inwards Republic of Indonesia or elsewhere inwards Asia,” Skou said. “Big US consumer brands similar Nike attain inwards all of Asia, non simply inwards 1 country, in addition to hence in that place volition live on a commutation effect.”...MORE

Previously:
July 23
Shipping: "Amid Trade War, Rare Hedge Fund Bet Targets the World’s Biggest..." (MAERSKB:DC; AMKAF)

In the calendar month since that post service the shorts accept seen the stock 
trade upwards from 8,346 DKK to 8,794 at Friday's close

July 12 
"World’s Biggest Shipping Company Already Feeling Pain from Trade War"

Ditto, but from 7,596 

May 18 
Signposts: "Maersk warns on merchandise risks equally disappointing commencement quarter turn a profit hitting percentage price"

By 1241 GMT the shares were downwardly 8.8 pct at 9,262 Danish crowns.